NBC Shakeup -- Jay Leno Comes Out on Top

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Jay Leno is going back to his 11:30 PM time slot, and it's looking like Conan O'Brien is the odd man out ... sources tell TMZ

We've learned Jay's 10:00 PM show will go on hiatus February 1. After the Olympics, Jay will take back his 11:30 PM time slot. What has not been decided -- whether Jay's show will be a half hour, followed by Conan, or whether Jay's show will be an hour and NBC says sayonara to Mr. O'Brien